PORTLAND — Magellan Petroleum Corp., a gas and oil exploration company, named a new CEO today and said it plans to move its headquarters to Denver.
William H. Hastings resigned as CEO and president of Magellan after the board approved the relocation. He will remain a board member and become a senior adviser on growth ventures and business development, Magellan said.
The board appointed J. Thomas Wilson, a consultant for Magellan, as the new CEO and president. Wilson will continue as a company director.
Shares of the Portland company fell 6 cents, or 4.5 percent, to end at $1.26 per share.
Copy the Story LinkSend questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.